Blucora, Inc. BCOR Income Statement

Blucora, inc. (BCOR)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenue:
Total revenue
263,320	149,421	149,016	193,740	225,768	101,258	95,385	157,848	205,965	-	90,171	-	-	-	-	-	-	-	-	-	-	-	76,885	106,270	179,044	-	109,491	117,181	165,338	-	92,870	-	-	-	-	-	-	-	-
Product revenue, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,970	35,299	37,139	-	14,630	0	-	-	-	-	-	-	-	-	-	-	-
Total revenue
-	-	-	-	-	-	-	-	-	-	-	139,162	182,375	-	83,237	120,108	165,765	2,865	2,875	30,900	81,068	-368,888	114,855	141,569	216,183	-315,427	124,121	117,181	165,338	97,470	92,870	100,883	115,696	66,614	56,257	54,292	51,650	52,363	52,363
Cost of revenue:
Services cost of revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49,754	56,233	71,293	-212,730	72,935	69,352	76,987	-	69,918	-	-	-	-	-	-	-	-
Product cost of revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,605	23,137	25,029	-	10,622	0	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenue
106,355	102,908	103,663	90,626	65,575	67,912	63,683	64,657	67,467	65,940	60,971	59,421	59,740	57,649	56,289	53,095	56,143	3,397	3,081	3,236	3,999	-237,721	75,359	79,370	96,322	-215,902	83,557	69,352	76,987	72,253	69,918	64,227	59,547	46,954	38,755	36,579	32,674	33,414	29,142
Cost, Amortization
-	-	0	0	-	0	0	49	50	50	50	47	48	47	49	49	667	1,910	1,911	1,863	1,862	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross profit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36,656	56,149	-	17,502	17,713	18,976	18,949	23,221
Operating expenses:
Engineering and technology
8,515	8,608	8,635	7,159	6,529	5,107	4,246	4,848	5,131	5,573	5,051	4,242	4,748	4,938	4,588	3,959	4,295	1,636	1,251	1,130	1,090	-11,164	5,970	4,817	4,135	-4,702	2,905	2,508	2,538	2,538	2,410	2,448	2,573	1,904	1,806	1,784	1,664	2,540	2,540
Sales and marketing
79,710	21,401	19,976	29,256	55,572	16,642	15,675	23,791	55,253	17,824	13,680	22,296	48,998	13,645	11,965	19,913	43,837	3,030	2,113	7,693	33,018	-53,604	18,152	22,287	55,836	-31,237	18,230	14,695	38,484	9,536	7,796	8,869	19,443	4,753	4,888	4,902	6,967	7,314	7,314
General and administrative
24,728	22,808	19,642	19,002	17,077	16,229	13,404	15,625	14,866	13,263	12,207	13,715	13,483	11,497	11,638	11,508	12,753	19,869	8,895	7,653	7,146	-3,237	9,495	10,425	8,632	1,984	8,421	6,557	6,384	5,713	5,283	5,356	11,066	4,899	6,513	4,970	5,160	6,751	6,751
Acquisition and integration
5,682	8,024	6,759	9,183	1,797	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
1,796	1,633	1,470	1,315	1,061	762	798	993	1,915	780	867	873	940	975	968	963	975	420	394	356	351	-1,978	1,085	1,135	1,058	-500	697	524	517	492	560	532	535	473	475	552	662	814	814
Amortization of other acquired intangible assets
7,748	10,062	10,082	9,169	8,044	8,103	8,271	8,806	8,307	8,615	8,615	8,289	8,288	8,402	8,297	8,316	8,316	3,191	3,195	3,185	3,186	-4,721	6,118	5,761	5,584	2,171	4,184	3,168	3,169	3,169	3,169	3,168	2,113	-	-	-	-	-	-
Impairment of goodwill
270,600	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
505,159	175,444	221,127	165,710	155,655	114,752	106,077	118,722	153,228	112,370	101,497	109,167	138,486	100,976	93,745	97,754	126,319	31,543	18,929	23,253	48,790	-312,425	116,179	123,795	171,567	-248,186	117,994	96,804	128,079	-	89,136	-	-	-	-	-	-	-	-
Impairment of indefinite-live intangible assets (excluding goodwill)
-	-	50,900	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring
-	-	0	0	-	-3	0	2	289	375	106	331	2,289	3,870	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income (loss)
-241,839	-26,023	-72,111	28,030	70,113	-13,494	-10,692	39,126	52,737	-14,521	-11,326	29,995	43,889	-14,175	-10,508	22,354	39,446	-28,678	-16,054	7,647	32,278	-56,463	-1,324	17,774	44,616	-67,241	6,127	20,377	37,259	-	3,734	-	-	-	-	-	-	-	-
Other loss, net
-6,135	-5,233	-2,606	-5,118	-3,958	-3,947	-3,863	-2,759	-5,228	-5,402	-5,241	-24,200	-9,708	-	-11,453	-	-7,514	-3,433	-3,080	-3,034	-2,995	-2,488	-3,208	-3,724	-4,069	-9,141	-13,118	-6,304	-1,005	1,004	-5,196	-930	-1,555	-972	-456	107	75	-3,522	-3,522
Total expenses and other loss, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,303	37,285	-	14,138	12,101	14,378	20,941	20,941
Income (loss) before income taxes
-247,974	-31,256	-74,717	22,912	66,155	-17,441	-14,555	36,367	47,509	-19,923	-16,567	5,795	34,181	-24,073	-21,961	11,438	31,932	-32,111	-19,134	4,613	29,283	-58,951	-4,532	14,050	40,547	-76,382	-6,991	14,073	36,254	4,773	-1,462	15,353	18,864	6,659	3,364	5,612	4,598	-1,992	2,280
Income tax expense
67,500	-48,654	-12,300	-8,100	4,000	-1,789	-800	900	2,000	-31,876	200	2,315	3,471	-	-8,537	-	11,643	-9,767	-6,926	2,202	9,868	-20,921	-2,294	5,313	14,560	-25,188	-510	5,667	12,646	953	936	5,655	7,458	-16,215	1,289	1,936	1,702	-538	850
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-13,889	-13,424	5,645	20,289	-22,344	-12,208	2,411	19,415	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-5,140	-40,528	-19,975	2,522	-34,470	1,597	1,840	3,685	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-680	-1,573	-912	-760
Net income (loss)
-	-	-62,386	31,036	-	-15,700	-13,737	35,460	45,546	11,919	-16,733	3,480	30,710	-19,029	-53,952	-14,330	22,811	-56,814	-10,611	4,251	23,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interests
-	-	0	0	-	281	227	222	205	1,871	164	176	126	232	167	115	144	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,874	2,075	3,676	2,896	-1,454	1,430
Loss on sale of discontinued operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-7,674	-	-	-
Net income (loss) attributable to Blucora, Inc.
-315,494	17,328	-62,386	31,036	62,170	-15,981	-13,964	35,238	45,341	10,048	-16,897	3,304	30,584	-19,261	-54,119	-14,445	22,667	-56,814	-10,611	4,251	23,100	-68,033	-2,238	8,737	25,987	-1,134	-6,481	8,406	23,608	3,820	-2,398	9,698	11,406	22,874	2,075	-4,678	1,323	-2,366	670
Net income (loss) per share attributable to Blucora, Inc.:
Continuing operations (in USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-0.34	-0.33	0.13	0.49	-0.54	-0.30	0.06	0.47	-	-	-	-	-	-	-	-	-	-	-	-	0.60	0.05	0.10	0.08	-0.04	0.04
Discontinued operations (in USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-0.13	-0.97	-0.48	0.06	-0.84	0.04	0.04	0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.02	-0.04	-0.03	-0.02
Loss on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.20	-	-	-
Basic (in USD per share)
-6.60	0.35	-1.28	0.64	1.29	-0.41	-0.37	0.75	0.97	0.17	-0.37	0.08	0.73	-0.47	-1.30	-0.35	0.55	-1.38	-0.26	0.10	0.56	-1.64	-0.05	0.21	0.62	-0.03	-0.16	0.20	0.58	0.09	-0.06	0.24	0.29	0.60	0.05	-0.12	0.04	-0.07	0.02
Net income (loss) per share attributable to Blucora, Inc. - diluted:
Continuing operations (in USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-0.33	-0.33	0.13	0.48	-0.53	-0.30	0.06	0.46	-	-	-	-	-	-	-	-	-	-	-	-	0.59	0.05	0.10	0.08	-0.04	0.04
Discontinued operations (in USD per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-0.14	-0.97	-0.47	0.06	-0.84	0.04	0.04	0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.20	-	-	-
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.02	-0.04	-0.03	-0.02
Diluted (in USD per share)
-6.60	0.39	-1.28	0.62	1.25	-0.37	-0.37	0.71	0.93	0.20	-0.37	0.07	0.67	-0.47	-1.30	-0.34	0.54	-1.37	-0.26	0.10	0.55	-1.59	-0.05	0.20	0.58	0.02	-0.16	0.20	0.53	0.09	-0.06	0.23	0.28	0.59	0.05	-0.12	0.04	-0.07	0.02
Weighted average shares outstanding:
Basic (in shares)
47,827	47,688	48,652	48,555	48,161	48,002	47,712	47,221	46,641	46,232	45,459	43,644	42,145	41,765	41,635	41,405	41,171	40,981	40,950	40,918	40,987	40,818	41,034	41,570	42,162	41,755	41,088	41,050	40,911	40,797	40,511	40,116	39,692	39,487	38,568	37,422	36,339	35,751	35,751
Diluted (in shares)
47,827	49,112	48,652	49,822	49,542	51,713	47,712	49,434	48,665	51,020	45,459	46,937	45,428	40,433	41,635	42,298	41,610	39,051	40,950	41,936	41,899	36,945	41,034	43,084	44,521	36,698	41,088	42,724	44,294	43,954	40,511	41,245	40,978	40,114	39,158	38,128	37,084	35,751	37,353
Comprehensive income (loss):
Comprehensive income attributable to noncontrolling interests
-	-	0	0	-	281	227	222	205	1,871	164	176	126	232	167	115	144	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification adjustment for realized gain on investments, available-for-sale, net, included in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-26	-	-	-	-	-	-	-
Other comprehensive income
272	79,498	-62,450	31,167	107	-16,276	-13,862	35,126	45,204	10,011	-16,674	3,451	30,628	-19,371	-54,196	-14,445	23,000	-57,270	-10,690	5,404	23,068	-	-	-	-	-	-	-	-	-	-11	-319	-26	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-	-	-62,386	31,036	-	-15,700	-13,737	35,460	45,546	-	-16,733	3,480	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain on available-for-sale investments, net of tax
-	-	-	-	-	-	-	-	-	-	0	0	1	-1	0	-1	11	-87	111	-187	-73	-1,292	-1,917	2,076	14	-2	-23	-8	44	16	9	-15	-26	6	17	-18	29	77	77
Foreign currency translation adjustment
-	-	-64	131	-	-	102	-112	-137	-	223	147	43	-109	-77	1	322	-395	-122	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17	-17
Unrealized gain on derivative instrument, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	57	169	40	-	-20	-278	-	-	-	-	-	-	-
Reclassification adjustment for realized loss on available-for-sale investments, net of tax, included in net income as Other loss, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-26	68	-376	-41	-10	4	0	0	-	0	1	-	-	-	-	-	-	-	-	-	-	-
Reclassification adjustment for other-than-temporary impairment loss on available-for-sale investments, included in net income as discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	964	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income (loss)
-	-	-64	131	-	-295	102	-112	-137	-37	223	147	44	-110	-77	0	333	-456	-79	1,153	-32	-1,282	-1,921	2,076	14	-2	34	160	84	-	-	-	-	-	17	-18	-	60	60
Comprehensive income (loss) attributable to Blucora, Inc.
-315,222	17,328	-62,450	31,167	62,277	-15,995	-13,635	35,348	45,409	11,882	-16,510	3,627	30,754	-19,139	-54,029	-14,330	23,144	-57,270	-10,690	5,404	23,068	-69,315	-4,159	10,813	26,001	-1,136	-6,447	8,566	23,692	3,868	-2,409	9,379	11,380	22,880	2,092	-4,696	1,352	-2,306	730
Wealth Management Services
Total revenue
144,989	145,188	145,428	127,831	89,532	97,190	91,887	92,015	92,082	93,848	86,809	85,296	82,667	83,050	80,088	76,117	77,291	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenue
102,342	101,200	102,030	87,477	61,374	66,054	62,313	62,149	63,064	63,415	59,607	56,963	55,874	55,783	54,921	51,023	52,269	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax Preparation Services
Total revenue
118,331	4,233	3,588	65,909	136,236	4,068	3,498	65,833	113,883	4,001	3,362	53,866	99,708	3,751	3,149	43,991	88,474	2,865	2,875	30,900	81,068	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenue
4,013	1,708	1,633	3,149	4,201	1,858	1,370	2,459	4,353	2,475	1,314	2,411	3,818	1,819	1,319	2,023	3,207	1,487	1,170	1,373	2,137	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-